Summary: AQR Capital Management reported a pair of small sales and a larger acquisition of zSpace, Inc. (NASDAQ: ZSPC) common stock on April 15 and April 16, 2026, leaving the investment manager with 4,756,327 shares. The transactions occurred around prices of $0.071 to $0.087 per share and coincide with zSpace's disclosure of a sharp revenue drop for the fourth quarter of 2025 and a planned reverse stock split to address Nasdaq listing standards.
Transaction details
On April 15, AQR sold 7,117 shares of zSpace common stock at $0.071 per share. The next day, April 16, it sold an additional 161 shares at $0.087 per share. Those sales together were reported at a total value of $519. Concurrently on April 15, AQR also purchased 860,716 shares at $0.071 per share, representing a cash outlay of $61,110. Following these moves, AQR's reported holding in zSpace stands at 4,756,327 shares.
Market context and price action
According to InvestingPro data cited in the report, zSpace shares have been highly volatile. The stock is trading at $0.05 at present, and InvestingPro's analysis suggests that the shares may be undervalued at current levels. The shares have risen 18% over the past week even as they remain far lower for the year to date.
Company results and corporate actions
zSpace reported a 43% year-over-year decline in revenue for the fourth quarter of 2025, with total revenues of $4.8 million for the period. Despite the revenue contraction, the company improved its gross margins by 8.4 percentage points compared with the prior year. To address its low per-share trading price and comply with Nasdaq minimum bid price requirements, zSpace announced a 1-for-25 reverse stock split that will take effect on a split-adjusted basis beginning April 21, 2026. Trading will continue under the same ticker symbol, ZSPC, though the company has indicated there will be a new CUSIP number after the split.
Analyst commentary and headwinds
Roth/MKM revised its price target for zSpace to $0.50 from $3.00 while retaining a Buy rating. In its commentary the firm identified 2025 as a challenging year for zSpace, pointing to tariff-related supply chain disruptions and an extended government shutdown that affected K-12 funding as specific headwinds cited by the analyst.
Takeaway
The combination of AQR's simultaneous sale and large purchase, the company's recent operating results, and the planned reverse split frame a period of active capital and corporate-structural adjustments for zSpace. The reported transactions and company disclosures highlight ongoing volatility and regulatory-driven capital-management steps as zSpace navigates a difficult revenue environment.